Brodies selects encompass verify
Brodies LLP has selected encompass verify to support and enhance its Know Your Customer (KYC) compliance processes.
Brodies covers requirements for business, personal and public sectors with offices in Edinburgh, Glasgow, Aberdeen and Brussels and is Scotland’s largest independent law firm.
The only provider of simultaneous, real-time access to multiple sources of global company and person data, encompass corporation is the creator of KYC automation for major global financial and professional service firms.
“With the 2017 Money Laundering Regulations having now been passed, it is imperative that we as a company remain compliant by having the right onboarding processes in place. encompass verify will allow us to do that,” commented David Edwards, Finance Director at Brodies.
Veronica Trench, Senior Compliance Manager at Brodies added: “encompass verify will ensure that we are regulator-ready in our KYC customer onboarding. Customer due diligence has never been as complex, but we feel confident about bringing on all our new clients at speed and with confidence.”
Wayne Johnson, CEO and Co-Founder, encompass noted: “In the face of changing legislation, it is necessary for all law firms to consider whether their KYC processes meet the requirements of the new Money Laundering Regulations. I welcome the decision taken by Brodies to work with encompass as a means of ensuring that this is the case.”